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Tuesday, August 31, 2010

MF Global, big fan here

I am a big fan of MF global here (MF). Already doubled down on the position I purchased a few weeks back, at current levels.

MF got juicy again when Corzine started to clean house, as indicated via the last quarterly report. MF was always interesting with its position to take advantage from the fall out due to FinReg. Now the chart is tell me to buy.

Now looks to be a very interesting for an entry point. I already have it at current levels, so I am just waiting in case the 'what if' scenario plays out. If current levels break, I will double down at 6.